2017 BRICS association of Brazil, Russia, India, China and South Africa to be held in Xiamen, China in September 2017.
The summit will be held under the theme “BRICS: Stronger Partnership for a Brighter Future “
5 key priorities:
2.Strengthening global governance
3.Carrying out people-to-people exchanges
4.Making institutional improvements and
5.Building broader partnerships.
- BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
- Originally the first four were grouped as “BRIC” before the induction of South Africa in 2010
BRICS contains a development bank which is headquartered in Shanghai,China.
- It is called as NDB BRICS or NDB. BRICS
- The 2016 BRICS summit was hosted by India in Goa.